Market News

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Behind the Mysterious Demise of a $1.7 Billion Mutual Fund

Behind the Mysterious Demise of a $1.7 Billion Mutual Fund

A U.S. mutual fund that suffered nearly $500 million of losses appears to have misvalued...

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China's Meituan Amasses $10 Billion War Chest for Drones and Driverless Cars

China's Meituan Amasses $10 Billion War Chest for Drones...

The company also unveiled a new generation of self-driving delivery cars that it...

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The Covid-19 Risk to Markets Isn't All Over

The Covid-19 Risk to Markets Isn't All Over

India’s worsening outbreak is taking the sheen off its impressive equity-market...

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Travelers Sees Pre-Tax Catastrophe Losses More Than Double

Travelers Sees Pre-Tax Catastrophe Losses More Than Double

The property-casualty insurer reported rising profit and revenue despite catastrophe...

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The One-Way Bet on Carbon Credits Has Limits

The One-Way Bet on Carbon Credits Has Limits

European emission allowances, one of this year’s hottest commodities, have room...

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Biden Administration Resparks Danger for Cigarette Stocks

Biden Administration Resparks Danger for Cigarette Stocks

U.S. authorities may lower nicotine levels and ban menthol cigarettes. The companies...

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Kansas City Southern, IBM, United Airlines: What to Watch When the Stock Market Opens Today

Kansas City Southern, IBM, United Airlines: What to Watch...

Netflix and Harley-Davidson are among the companies due to report quarterly results.

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Canadians Send Rail Valuations Northwards, but Not Beyond Reason

Canadians Send Rail Valuations Northwards, but Not Beyond...

A bidding duel for Kansas City Southern, possibly the only major U.S. railroad available,...

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Johnson & Johnson Shows Health Economy Is Nearing Full Strength

Johnson & Johnson Shows Health Economy Is Nearing Full...

Covid-19 vaccine hiccups are marginal as the healthcare giant benefits in many ways...

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Dealers Are Selling Cars So Fast They Don't Need to Borrow

Dealers Are Selling Cars So Fast They Don't Need to Borrow

The snarled supply chain for new cars is slowing banks’ loans to dealers, but surging...

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Regulator Bars Former Goldman Analyst for Insider Trading

Regulator Bars Former Goldman Analyst for Insider Trading

Finra says Brian Maguire bought shares in two companies after finding out about...

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Bonds Reflect Hope That U.S. Recovery Will Spread to Europe

Bonds Reflect Hope That U.S. Recovery Will Spread to Europe

The gap between U.S. and European 10-year government bond yields has tightened to...

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Regulators Question Credit Suisse Over Archegos-Related Stock Sales

Regulators Question Credit Suisse Over Archegos-Related...

The stock sales could result in additional losses that go beyond the $4.7 billion...

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Cryptocurrency Giant Binance.US Hires Former Top Bank Regulator

Cryptocurrency Giant Binance.US Hires Former Top Bank Regulator

Brian Brooks will become the new CEO of Binance.US, the U.S. affiliate of overseas...

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Apple's iPad and Mac Moment Should Linger

Apple's iPad and Mac Moment Should Linger

The company’s tablet and PC sales got a strong boost from the Covid-19 pandemic....

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Stocks Fall as Earnings Season Ramps Up

Stocks Fall as Earnings Season Ramps Up

The Dow and S&P 500 closed lower, extending their losses as investors assess blue-chip...